Iran News ...


10/25/11

Iran's economic growth rate at 4% in 2010-2011: Finance Minister

Source: ISNA

Iran's economic growth rate reached 4 percent in the last Iranian calendar year (ended March 20, 2011), Finance and Economic Affairs Minister Shamseddin Hosseini said in Tehran on Monday.

Iran's Economic Affairs Minister Shamseddin Hosseini
Iran's Economic Affairs Minister Shamseddin Hosseini

The country's non-oil economic growth in the year that ended in March 2010 hit 4.2 percent, the finance minister said in July, adding that the figure would certainly be higher than 4.2 percent when the statistics on the growth of exports, market capitalization, and domestic production are taken into consideration.

The Central Bank of Iran had previously reported that Iran's economic growth in the previous Iranian calendar year stood at 3.5 percent including the oil sector, and 4.3 percent excluding the oil sector.

Meanwhile, the World Bank stated in its latest report that economic growth in the Islamic Republic will double this year.

According to World Bank predictions, Iran's Gross National Product will rise by 6.7 percent in 2011 compared to the 6.1 percent rise in 2010.


See: Gross Domestic Product (Wikipedia)

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